The GOLD scream room

[boglerdude]

> I’ll see you in the Daily Check-in thread?

Imagine thinking you can stop vinny

content: "Central banks continued to accumulate gold at a record pace,” the ECB wrote. Central bank gold reserves, which peaked at 38,000 tonnes in the mid-1960s, rebounded ito 36,000 tons in 2024. “Central banks worldwide now hold almost as much gold as they did in 1965”

content edit1 https://yuribezmenov.substack.com/p/bid ... uci-nuland

[flyingpylon]

> I’ll see you in the Daily Check-in thread?

Imagine thinking you can stop vinny

"You can't stop him, you can only hope to contain him."
- Dan Patrick, ESPN

[dualstow]

[dualstow]

Huge drop

[Ugly_Bird]

The gold portion of my 4xHBPP is still hanging around 30%.
Just thinking if I should rebalance now and not wait for it to approach my rebalance band at 35%.
Do not want to time the market but do not want to miss the opportunity either.
The Fed's say that they anticipate 3 rate cuts by the end of the year.
How it may affect the cold price?

[mathjak107]

it looks like gold is taking a hit tonight down 34.00 an ounce in the pre market in the first few minutes . not sure where it will be by morning .

[mathjak107]

down 77 an ounce this morning on the russian talks

[Ugly_Bird]

down 77 an ounce this morning on the russian talks

I guess it is better to sit tight, stay the course and keep using PP for protecting myself from myself. :-)

[mathjak107]

i think it’s a good idea , with those huge rate hikes behinds us i think the pp has a lot less risk

[Ugly_Bird]

i think it’s a good idea , with those huge rate hikes behinds us i think the pp has a lot less risk

It is just feels itchy that the opportunity to rebalance from peaking gold could have been missed.
Or maybe not... :-)

[mathjak107]

i know , but why we want to bench mark off a relatively small piece of time is so silly .

we spend 80% of all our vestment time between the old low and old high .

to think we benchmark off a point in time with very small odds of hitting are , just silly .

more typically we will sell in that 80% range.

i have been trading in and out of gld and tlt for 6 months .

it usually goes up after i sell and i end up rebuying lower than i sold . so i ma getting used to it making some new high only to fall back again .

i sold gold last week , it went up 12k more than i sold. only to give it back in two days plus more .

so i bought again yesterday.

but these are very large positions i take as if it falls i dont mind holding them

[pmbug]

JPow appears to have punched the local ceiling in gold and silver with his dovish speech at Jackson Hole this morning.

[ochotona]

The gold market suddenly took off to the upside last night when Trump announced that Lisa Cook was fired. I think the market is interpreting it as another attack on Fed independence. TLT interest rate is up today, but not IEF.

[ochotona]

C'mon $4000

[dualstow]

Wow, $3500 spot

[Dieter]

The gold portion of my 4xHBPP is still hanging around 30%.
Just thinking if I should rebalance now and not wait for it to approach my rebalance band at 35%.
Do not want to time the market but do not want to miss the opportunity either.
The Fed's say that they anticipate 3 rate cuts by the end of the year.
How it may affect the cold price?

I thought some folks say more money to gold when rates go down, as keeping the money in cash is less attractive

But, honestly, who knows?

Today / this year / last couple has been a good time to hold gold

[ochotona]

If you want to rebalance gold, wait until the gold price dips below its own 200 day moving average. Don't check more than once a month. Check at the end of the month, the last trading day. You won't get the peak, you never can, but loss of 200 day MA could indicate a broken uptrend.

[yankees60]

If you want to rebalance gold, wait until the gold price dips below its own 200 day moving average. Don't check more than once a month. Check at the end of the month, the last trading day. You won't get the peak, you never can, but loss of 200 day MA could indicate a broken uptrend.

Is this 200-day moving average available somewhere?

Do you have the last several dates when you observed this?

[Ugly_Bird]

If you want to rebalance gold, wait until the gold price dips below its own 200 day moving average. Don't check more than once a month. Check at the end of the month, the last trading day. You won't get the peak, you never can, but loss of 200 day MA could indicate a broken uptrend.

I roughly know what the price should be to get gold into 35% rebalance band in my 4x25 HBPP. Just can set the gold ETF sale at that limit.
Close to 32% now.

[dualstow]

I saw them taking about gold vs yen on NHK.
Haven’t bought any for a while, but it’s getting close to rebalancing bands.

[Ugly_Bird]

I saw them taking about gold vs yen on NHK.
Haven’t bought any for a while, but it’s getting close to rebalancing bands.

Need it to go up approx. 10% more. Or other components to drop, or both.

[yankees60]

Gold could rise to $5000 an ounce from the current $3560 if President Trump undermines the Federal Reserve, predicts an analyst at Goldman Sachs. “A scenario where Fed independence is damaged would likely lead to higher inflation, lower stock and long-dated bond prices and an erosion of the dollar’s reserve currency status,” said Daan Struyven, co-head of global commodities research at Goldman Sachs.

https://www.ft.com/content/e7b5f1ae-906 ... 93f264572f